H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE -,*^- Factors Affecting Reserves of Depository Institutions and ffera??-- Condition Statement of F.R. Banks H.4.1 For immediate release Februarys, 1982 Averages of dally figures Reserves of depository institutions, Week ended Change firom week ended Wednesday Reserve Bank crw.dit, February 4, J-u.^28, Fefr^r, 6/-February 4, and related items 1981* 1981* Reserve Bank credit: (In millions of dollars) U.S. Government securities-* Bought outright— Systec account -' 116,737 -251 +1,167 £' 117,179 Held under repurchase agreements Federal Agency obligations** Bought outright 8,739 + 523 8,739 Held undei repurchase agreements " **** •" Acceptances- Bought outright "" -- — — Held under repurchase agreements Loant-- To depository institutions 1,201 -592 + 443 752 Includes seasonal borrowing of: 125 - 12 + 48 114 Float 2,973 •262 -2,012 3,547 Other F.R. assets 9.908 t-471 +4.546 10.205 Total Reserve Bank credit. 139,558 ^o34 +4,668 140,422 Gold Stock 11,159 - 13 11,159 Special Drawing Rights certlf. acct. 2,518 - 450 2,518 Treasury currency outstanding 13.451 + 5 + 411 13.457 166,686 -628 +4,616 167,556 Currency in circulation ** 130,951 -419 +9,857 131,407 Treasury cash holdings ** 445 + 2 - 22 445 Treasury deposits with F.R. Banks 3,288 -210 + 312 4,069 Foreign deposits with F.R. Banks 402 +127 + 80 278 Other deposits with F.R. Banks 501 + 33 + 134 432 Other F.R. liabilities and capital 4.603 -150 - 453 •*.*50 140,189 -617 +9,907 141,081 Reserve balances with F.R. Banks 3/ 26,497 - 11 -5,293 26,476 Total vault cash (estimated) ~" 18,985 +158 N/A 18,985 a) Vault cash at institutions with required reserve balances 13,067 -669 +2,036 13,067 b) Vault cash equal to required reserves at other institutions 700 N/A 700 c) Surplus vault cash at other institutions 4/ 5,218 +827 N/A 5,218 Reserve balances + total vault cash 5/ 45,593 +151 N/A 45,572 Reserve balances + total vault cash ~ used to satisfy reserve requirements 5/6/ 40,375 -676 -3,361 40,354 Required reserves (estimated) 40,184 -467 -3,040 40,184 Excess reserve balances at F.R. Banks 5/7J 191 -209 - 321 170 On February 4, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and, interna tional accounts were $93,081 million, an increase of $54 million for the week. V Net of $2,090 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,572 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. If Net of $1,568 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,568 million was with foreign official and international accounts. Includes $209 million securities loaned—fully secured by U.S. Government securities. 3_/ Includes all reserve balances of depository institutions. 4/ Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. 5/ Adjusted to include $111 million waivers of penalties for reserve deficiencies In accordance with Board policy effective November 19, 1975. 6/ Reserve balances with Federal Reserve Banks plus vault cash at institutions with required reserve balances plus vault cash equal to required reserves at other institutions. 7/ Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve requirements less required reserves. (This measure of excels reserves is comparable to the old excess reserve concept published historically.) Vault cash and required reserves are partially estimated. * Estimated (Cleveland District). ** Estiy.'iited (Treasury's Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars - Change since tttt WWeeddnneessddaayy**** February 4, 1981 January 28, 1981 February 6, 1980 ASSETS Gold certificate account 11,159 -- - 13 Special Drawing Rights certif. acct. 2,518 -- - 450 Coin 465 + 18 - 4 Loans 752 - 801 + 409 Acceptances- Held under repurchase aggreements -- -- -- Federal agency abligations— Bought outright 8,739 -- + 523 Held under repurchase agreements 1 -- -- U.S. government securities: Bought outright—Blls 41,568 + 2,041 + 766 Notes 58,718 -- + 2,224 Bonds 16.893 — + 2,340 Total bought outright 2 117,179 + 2,041 + S733o Held under repurchase agreements 1 -- -- Total U.S. government securities 117,179 ++ 22,,004411 ++ 57330" Total loans and securities 126,670 + lTSSrJ + &725T Cash items in process of collection (2,995 ) 9,476 + 822 - 2,844 Bank premises 458 -- + 46 Other assets 3 9,747 f 325 + 4,808 TOTAL ASSETS (2,995 ) 160,493 + 2,405 + 7,805 LIABILITIES Federal Reserve notes 118,859 + 51 + 9,312 Deposits; Depository institutions 26,476 + 1,153 _ 1,352 U.S. Treasury-general account 4,069 + 1,095 + 336 Foreign—official accounts 278 - 24 - 84 Other ( 1 ) 432 - L + 157 Total deposits 31,255 + 2,217 - 943 Deferred availability cash items ((22,,999944 )) 5,929 + 336 - 502 Other liabilities and accrued dividends 4 1.890 - 127 _ 138 TOTAL LIABILITIES |(2,995 ) 157,933 + 2,477 + 7,729 CAPITAL ACCOUNTS Capital paid in 1,209 + 1 + 60 Surplus 1,203 -- + 58 Other capital accounts 148 - 73 - 42 * Figures in parentheses are the eliminations made in the consolidating process. 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official an idnter national accounts, of which $ ° million was outstanding at the end of the latest statement week. 2 Net of $ 1,568 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 209 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies , revalued monthly at market exchange rates. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. ** Estimated (Cleveland District) MATURITY DISTRIBUTION OF LOANS AND SECURITIES, February 4, 1981 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements. U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings | Weekly changes Within 15 days 685 -_ 4,954 + 569 0 -73 16 days to 90 days 67 -- 21,623 +1,675 619 +69 91 days to 1 year -- 27,741 - 202 1,753 + 3 Over 1 year to 5 years -- -- 34,504 1 4,597 .. Over 5 years to 10 years --. -. 13,355 .. 1,085 .._ Ove T r o 1 ta 0 l years 75? 33 1 1 1 5 7 . , 0 1 0 7 2 9 +2T04T 8,7 6 3 8 9 5 +.1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 4, 1981 Millions of dollars 9S Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,159 577 3,011 560 847 961 465 1,722 465 225 501 572 1,253 Special Drawing Rights certif. acct. 2,518 128 665 121 201 229 79 411 106 42 111 132 293 Coin 465 32 28 24 56 50 50 27 29 16 46 34 73 Loans 752 108 53 35 68 112 47 101 56 32 103 25 12 Acceptances held under repurchase agreements -- -- -- -- -- -- -- -- -- -- -- -- -- Federal agency obligations: Bought outright 8,739 399 2,272 379 660 718 317 1,373 351 156 409 519 1,186 Held under repurchase agreements 1 -- -- — -- -- -- -- -- -- -- -- -- -- U.S. government securities: Bought outright—Bills 41,568 1,899 10,805 1,805 3,141 3,415 1,506 6,532 1,670 742 1,947 2,467 5,639 Notes 58,718 2,682 15,263 2,549 4,436 4,823 2,128 9,227 2,359 1,049 2,752 3,485 7,965 Bonds 16,893 772 4,391 733 1,276 1,387 612 2,654 679 302 792 1,003 2,292 Total bought outright 2 117,179 5,353 30,459 5,087 8,853 9,625 4,246 18,413 4,708 2,093 5,491 6,955 15,896 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 117,179 5,353 30,459 5,087 8,853 9,625 4,246 18,413 4,708 2,093 5,491 6,955 15,896 Total loans and securities 126,670 5,860 32,784 5,501 9,581 10,455 4,610 19,887 5,115 2,281 6,003 7,499 17,094 Cash items in process of collection 12,471 394 1,470 431 506 2,469 1,750 1,515 577 630 1,182 836 711 Bank premises 458 100 20 53 24 89 35 17 14 28 22 13 43 Other assets 3 9,747 340 2,572 401 739 576 605 1,401 334 263 427 590 1,499 Interdistrict settlement account -0- - 267 +8,264 - 923 - 694 - 224 -1,456 -1.829 - 793 - 537 - 134 + 251 -1,658 TOTAL ASSETS 163.488 7.164 48.814 6.168 11,260 14.605 6.138 23,151 5,847 2,948 8,158 9,927 19,308 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 1,568 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 209 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Cleveland District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON February 4, 1981 Millions of dollars * Kansas San total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 118,859 5,883 35,084 4,925 9,129 10,592 2,881 18,604 4,603 1,686 5,526 6,884 13,062 Deposits: Depository institutions 26,476 801 7,233 797 1,438 1,400 1,650 3,203 613 624 1,352 2,127 5,238 U.S. Treasury ^general account 4,069 -- 4,069 -- — -- -- — — — -- — — Foreign—official accounts 278 8 53 12 24 15 23 44 9 10 13 18 49 Other 433 — 403 -- 1 19 2 1 — -- 3 3 1 Total deposits 31,256 809 11,758 809 1,463 1,434 1,675 3,248 622 634 1,368 2,148 5,288 Deferred availability cash items 8,923 307 950 251 302 2,283 1,306 624 467 514 1,053 622 244 Other liabilities and accrued dividends 1/ 1,890 92 367 86 160 158 92 303 77 36 91 115 313 TOTAL LIABILITIES 160,928 7,091 48,159 6,071 11,054 14,467 5,954 22,779 5,769 2,870 8,038 9,769 18,907 CAPITAL ACCOUNTS Capital paid in 1,209 33 307 46 95 63 92 177 36 38 52 75 195 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 148 7 42 5 16 13 2 18 6 2 16 9 12 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 163,488 7,164 48,814 6,168 11,260 14,605 6,138 23,151 5,847 2,948 8,158 9,927 19,308 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 140,767 7,207 39,008 6,450 10,194 12,111 5,412 20,933 5,740 2,280 6,850 8,493 16,089 Less-held by F.R. Banks 21,908 1,324 3,924 1,525 1,065 1,519 2,531 2,329 1,137 594 1,324 1,609 3,027 F.R. notes, net 118,859 5,883 35,084 4,925 9,129 10,592 2,881 18,604 4,603 1,686 5,526 6,884 13,062 Collateral held against F.R. notes: Gold certificate account 11,159 577 3,011 560 847 961 465 1,722 465 225 501 572 1,253 Special Drawing Rights certif. acct. 2,518 128 665 121 201 229 79 411 106 42 111 132 293 Other eligible assets — — -- -- -- -- — -- -- -- -- -- -- U.S. govt, and agency securities 105,182 5,178 31,408 4,244 8,081 9,402 2,337 16,471 4,032 1,419 4,914 6,180 11,516 Total collateral 118,859 5.883 35,084 4,925 9,129 10,592 2,881 18,604 4,603 1,686 5,526 6,884 13,062 ^/Includes exchange translation account reflecting the monthly revaluation at market rates of foreign exchange commitments. * Estimated (Cleveland District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis